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PMET Declares A number of New Lithium/Caesium Discoveries in 2025 Drilling on the Shaakichiuwaanaan Property

EditorialBy EditorialDecember 14, 2025No Comments63 Mins Read

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December 15, 2025 SYDNEY, Australia

Highlights

  • New lithium zone discovery in drill gap on the CV4 Pegmatite.
    • 27.0 m at 1.14% Li2O together with 19.2 m at 1.45% Li2O (CV25-1013).
    • 13.0 m at 1.37% Li2O (CV25-1013).
    • 11.5 m at 1.27% Li2O (CV25-950).
    • Discovery interpreted to be a possible 1.5 km extension of the CV5 Pegmatite to the east.
  • Excessive-grade lithium discovery in drill gap on the CV12 Pegmatite.
    • 29.0 m at 1.31% Li2O, together with 12.5 m at 2.76% Li2O (CV25-875).
    • 29.4 m at 1.28% Li2O, together with 11.9 m at 2.86% Li2O (CV25-894).
    • 41.3 m at 0.88% Li2O, together with 27.5 m at 1.20% Li2O (CV25-922).
  • New caesium zone discovery near-surface in drill gap on the CV12 Pegmatite.
    • 3.0 m at 5.82% Cs2O inside a wider anomalous zone of 23.0 m at 0.98% Cs2O (CV25-875).
    • Zone traced over ~200 m strike size at ~1 to 4 m thickness.
  • Strike lengths of the CV5 and CV13 pegmatites prolonged to five.0 km and three.2 km, respectively, with drill outcomes together with:
    • 24.9 m at 1.34% Li2O, together with 11.2 m at 2.16% Li2O (CV25-879) – CV5
    • 11.7 m at 1.16% Li2O, together with 5.4 m at 1.98% Li2O (CV25-796) – CV13
    • Excessive-grade caesium intersected at CV5 – 0.5 m at 17.92% Cs2O (CV25-885).
  • Assays stay pending for a number of infill and step-out holes on the CV13 and CV4 pegmatites, together with the high-grade (Li, Cs, Ta) Vega Zone.
  • The 2025 drill marketing campaign additionally included 6,490 m (42 holes) of condemnation drilling north of CV5 and 3,961 m (21 holes) of geomechanical drilling at CV13 in help of growth.
  • A complete 57,024 m (245 holes) of diamond drilling was accomplished over the 2025 calendar 12 months with outcomes for 41,943m (173 holes) reported herein – Outcomes stay to be reported for 15,081 m (72 holes).

Darren L. Smith, Govt Vice President Exploration, feedback: “The 2025 drill marketing campaign at Shaakichiuwaanaan was expansive in scope and accomplished amongst a backdrop of two (2) Mineral Useful resource Estimate updates and a maiden Feasibility Examine for lithium on the CV5 Pegmatite. The marketing campaign included drill testing of latest targets, infill and step-out holes proximal to outlined Li-Cs-Ta Mineral Sources, in addition to condemnation and geomechanical holes in help of growth. I’m pleased to report that, by the groups’ efforts, the Firm achieved its key drilling goals on schedule and underneath funds with the Challenge now additional derisked in direction of growth in addition to a number of new high-potential lithium and caesium zones found.”  

“The emergence of caesium-rich mineralization throughout a number of areas of the Property underscores the robustness and extremely developed nature of the LCT Pegmatite system at Shaakichiuwaanaan. The presence of such high-value mineralization strengthens our confidence within the broader system and its capability to proceed producing discoveries at scale which have the potential to reinforce long-term shareholder worth.” added Mr. Smith.

PMET Sources Inc. (the “Firm” or “PMET”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is happy to announce outcomes from its in depth 2025 drill marketing campaign on the Firm’s wholly-owned Shaakichiuwaanaan Property (the “Property” or “Challenge”), positioned within the Eeyou Istchee James Bay area of Quebec.

The Property hosts one of many largest pegmatite Mineral Sources1 (Li, Cs, Ta) and Mineral Reserves2 (Li) on the planet, located roughly 13 km south of the regional and all–climate Trans-Taiga Highway and powerline infrastructure hall, and is accessible year-round by street. The Firm not too long ago introduced a strong Feasibility Examine for the CV5 Pegmatite, which outlined the Challenge as a possible North American important mineral powerhouse (see information launch dated October 20, 2025).

The 2025 drill marketing campaign on the Property was expansive in nature and included drill testing of a number of Li-Cs-Ta (“LCT”) pegmatite prospects (CV4, CV8, CV12), step-out drilling at CV5 and CV13, infill drilling at CV13, in addition to condemnation and geomechanical drilling in help of growth at CV5 and CV13, respectively. Over the course of the marketing campaign, which was concluded in October, a complete of 57,024 m (245 holes) of diamond drilling was accomplished, of which, outcomes for 41,943 m (173 holes) are reported herein (see Determine 1, and Desk 1 by Desk 7).

__________________________________

1 The Consolidated MRE (CV5 + CV13 pegmatites), which incorporates the Rigel and Vega caesium zones, totals 108.0 Mt at 1.40% Li2O, 0.11% Cs2O, 166 ppm Ta2O5, and 66 ppm Ga, Indicated, and 33.4 Mt at 1.33% Li2O, 0.21% Cs2O, 155 ppm Ta2O5, and 65 ppm Ga, Inferred, and is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.70% Li2O (underground CV13). A grade constraint of 0.50% Cs2O was used to mannequin the Rigel and Vega caesium zones. The Efficient Date is June 20, 2025 (by drill gap CV24-787). Mineral Sources aren’t Mineral Reserves as they don’t have demonstrated financial viability. Mineral Sources are inclusive of Mineral Reserves.

2 Possible Mineral Reserve of 84.3 Mt at 1.26% Li2O on the CV5 Pegmatite with a cut-off grade is 0.40% Li2O (open-pit) and 0.70% Li2O (underground). Underground growth and open-pit marginal tonnage containing materials above 0.37% Li2O are additionally included within the assertion. The Efficient Date is September 11, 2025. See Feasibility Examine information launch dated October 20, 2025.

Figure 1: Drill holes completed through 2025 at the Shaakichiuwaanaan Property. (CNW Group/PMET Resources Inc.)

CV4 Pegmatite

The CV4 Pegmatite, characterised at floor by a number of LCT pegmatite outcrops, is located roughly 1.5 km alongside geological development to the east of the CV5 Pegmatite. The 2025 marketing campaign marked the maiden drill testing of the prospect with a complete of 7,513 m (17 holes) accomplished, of which, outcomes for 3,259 m (9 holes) are introduced herein (see Determine 2, Desk 1, and Desk 7).  

A drill fence was accomplished throughout the interpreted strike of the pegmatite outcrops after which continued south in an effort to intersect a possible extension of the principal pegmatite at CV5. The preliminary outcomes point out the outcrops have solely restricted depth extent; nevertheless, the drill fence efficiently intersected vital widths of well-mineralized spodumene pegmatite at depth. Drill outcomes embody:

  • 27.0 m at 1.14% Li2O together with 19.2 m at 1.45% Li2O; and 13.0 m at 1.37% Li2O (CV25-1013).
  • 11.5 m at 1.27% Li2O (CV25-950).
  • 13.6 m at 0.90% Li2O; and 20.2 m at 0.75% Li2O together with 7.9 m at 1.41% Li2O (CV25-942).

A preliminary assessment of the core signifies that the mineralization fashion in CV4 drill holes is just like that of the principal pegmatite at CV5, characterised by massive spodumene crystals hosted inside a quartz-feldspar pegmatite (Determine 3). The spodumene mineralization consists of off-white to pale-green crystals of centimetre to decimetre scale, that are comparatively freed from inclusions resembling one of many widespread spodumene mineralization types at CV5. This means potential amenability to dense media separation (“DMS”) course of strategies, which in depth testwork at CV5 has demonstrated to be very efficient.

The discovery is important and, coupled with down-ice boulder discoveries within the space (see information launch dated March 25, 2025) and observations in core, is interpreted to signify a possible 1.5 km extension of the CV5 Pegmatite to the east. As such, the invention expands potential for extra underground sources alongside strike of the present underground Mineral Reserves on the CV5 Pegmatite.

Figure 2: Drill holes completed through 2025 at the CV4 Pegmatite and north of the CV5 Pegmatite (condemnation holes). (CNW Group/PMET Resources Inc.)

Figure 3: Large spodumene crystals in drill hole CV25-942 at ~351 m depth (core length) at the CV4 Pegmatite. Core graded 1.4 m at 2.22% Li2O over sample interval (350.2 m to 351.6 m). (CNW Group/PMET Resources Inc.)

CV12 Pegmatite

The CV12 Pegmatite, characterised at floor by a number of LCT pegmatite outcrops, is located roughly 2.4 km alongside geological development to the northwest of the CV13 Pegmatite. The 2025 marketing campaign adopted up on a single drill gap (2021) on the prospect, with a complete 10,102 m (51 holes) accomplished and all outcomes introduced herein (see Determine 4, Desk 2, and Desk 7).

The drilling was profitable, tracing the pegmatite over a strike size of roughly 850 m, with a number of large and well-mineralized lithium intercepts. Of explicit curiosity are the very excessive grades in extra of two.5% Li2O over intervals higher than 10 m obtained in two (2) holes, and that are paying homage to the high-grade Vega and Nova zones on the CV13 and CV5 pegmatites, respectively. Drill outcomes embody:

  • 29.0 m at 1.31% Li2O, together with 12.5 m at 2.76% Li2O (CV25-875).
  • 29.4 m at 1.28% Li2O, together with 11.9 m at 2.86% Li2O (CV25-894).
  • 41.3 m at 0.88% Li2O, together with 27.5 m at 1.20% Li2O (CV25-922).

A preliminary assessment of the core signifies that the mineralization fashion in CV12 drill holes is just like that of the pegmatites at CV13, CV5, and CV4, characterised by massive spodumene crystals hosted inside a quartz-feldspar pegmatite. The spodumene mineralization consists of off-white to pale-green crystals of centimetre to decimetre scale, that are comparatively freed from inclusions (Determine 5). This means potential amenability to dense media separation (“DMS”) course of strategies, which in depth testwork at CV5 has demonstrated to be very efficient. Moreover, grades of tantalum in drill gap at CV12 are very sturdy (see Desk 2).

Moreover, drilling has outlined a new caesium zone discovery at CV12 with intercepts together with 3.0 m at 5.82% Cs2O inside a wider anomalous zone of 23.0 m at 0.98% Cs2O (CV25-875). Different intercepts embody 1.5 m at 3.30% Cs2O (CV25-944), 1.4 m at 1.77% Cs2O (CV25-923), 2.6 m at 1.02% Cs2O (CV25-894), and 4.4 m at 0.90% Cs2O (CV25-902). The caesium mineralization was intercepted at shallow depths (sometimes <15 to 50 m vertical depth from floor) and has been traced in a number of holes over an approximate 200 m strike size at ~1 to 4 m thickness. Pollucite, the best caesium host mineral – on account of its excessive caesium content material and ease of restoration – was additionally visually recognized in a number of drill holes (Determine 6). Extra drilling is required to constrain the zone; nevertheless, its shallow depth, lengthy strike size, and powerful grades are very encouraging.

Figure 4: Drill holes completed through 2025 at the CV12 Pegmatite and CV8 Pegmatite. (CNW Group/PMET Resources Inc.)

Figure 5: Large spodumene crystals in drill hole CV25-875 at ~32 m depth (core length) at the CV12 Pegmatite. Core graded 2.9 m at 2.70% Li2O over sample interval (30.1 m to 33.0 m). (CNW Group/PMET Resources Inc.)

Figure 6: Large crystals of pollucite in drill hole CV25-880 at ~33 m depth (core length) at the CV12 Pegmatite. Core graded 1.5 m at 0.59% Cs2O over sample interval (33.0 m to 34.5 m). (CNW Group/PMET Resources Inc.)

CV13 Pegmatite

The 2025 drilling on the CV13 Pegmatite included infill and step-out holes, and geomechanical drilling in help of growth. A complete of 23,451 m (106 holes) have been accomplished, of which, outcomes for 9,771 m (59 holes) are introduced herein (see Determine 7, Desk 3, and Desk 7). Assays stay pending for a number of infill and step-out holes on the CV13 Pegmatite, together with the high-grade (Li, Cs, Ta) Vega Zone. 

The drilling efficiently prolonged the CV13 Pegmatite northeast roughly 0.7 km in direction of the CV5 Pegmatite with drill intercepts together with 14.6 m at 1.04% Li2O (CV25-802), 11.7 m at 1.16% Li2O (CV25-796), and 10.9 m at 1.00% Li2O together with a really high-grade zone 2.1 m at 3.95% Li2O (CV25-806). A caesium intercept of 0.9 m at 1.42% Cs2O (CV25-802) was additionally returned on this space, highlighting the potential for extra caesium enriched lenses to be delineated at CV13. The strike-length of the CV13 Pegmatite now extends roughly 3.2 km and stays open in a number of instructions.

A roughly 100-150 m spaced drill gap fence was accomplished an extra 250 m alongside strike to the northeast, testing the highest 150-200 m from floor; nevertheless, didn’t intersect any materials pegmatite intervals. This means the pegmatite physique might slender and/or deflect (probably to depth under 150-200 m) sooner or later alongside the hall.

Step-out drilling to the northwest of the Vega Zone efficiently prolonged the pegmatite at the least 200 m. The pegmatite intervals in these holes are weakly mineralized in lithium and caesium; nevertheless, carry high-grade tantalum together with 3.8 m at 4,058 Ta2O5 ppm (CV25-791). A preliminary interpretation, supported by drill gap and geophysical knowledge, suggests a possible fault on this space, which can have probably offset the Vega Zone northerly the place it stays to be drill examined. The Vega Zone stays open in a number of areas with outcomes for a number of infill and step-out holes pending.

Along with the exploration drilling, a geomechanical drill program on the CV13 Pegmatite was accomplished to help growth and financial research. In collaboration with impartial engineering consultants, a complete of 3,961 m (21 holes, HQ) have been accomplished throughout the realm focusing on each pegmatite and host rock. Samples have been collected for subsequent geomechanical lab testing and downhole optical/ acoustic televiewer surveys accomplished to help mine design and geological modelling. Assay outcomes for pegmatite intervals in these holes stay to be reported.

Figure 7: Drill holes completed through 2025 at the CV13 Pegmatite and at the CV5 Pegmatite. (CNW Group/PMET Resources Inc.)

CV5 Pegmatite

The 2025 drilling on the CV5 Pegmatite and areas proximal in help of its growth included step-out holes to the southwest in addition to condemnation holes of proposed waste rock stockpiles and different key infrastructure areas. A complete of 13,591 m (60 holes) have been accomplished with all outcomes introduced herein (see Determine 7, Desk 4, Desk 5, and Desk 7).

Drilling to check a southwestern extension of CV5 (7,101 m over 18 holes) was profitable and traced the pegmatite roughly 0.4 km additional alongside strike on this path. Outcomes embody 24.9 m at 1.34% Li2O, together with 11.2 m at 2.16% Li2O (CV25-879), 9.4 m at 1.13% Li2O (CV25-885), and 15.1 m at 0.98% Li2O (CV25-885). The strike-length of the CV5 Pegmatite now extends roughly 5.0 km and stays open in a number of instructions.

Moreover, a high-grade caesium intercept of 1.0 m at 9.1% Cs2O was returned in drill gap CV25-855 over the extension. The interval included the highest-grade particular person caesium pattern collected up to now at CV5 (0.5 m at 17.9% Cs2O) with huge pollucite visually recognized (Determine 8). This discovery is open in a number of instructions and highlights the potential for well-mineralized pods of caesium (by way of the mineral pollucite) at CV5 as a co-product to lithium and tantalum.

Figure 8: Massive pollucite with lepidolite veining in drill hole CV25-885 at ~240 m depth (core length) at the CV5 Pegmatite's southwestern extension. Core graded 0.5 m at 17.9% Cs2O over sample interval (240.2 m to 240.7 m). (CNW Group/PMET Resources Inc.)

The 2025 drill marketing campaign additionally included condemnation drilling of waste rock Stockpiles 001 and 002 (5,465 m  over 36 holes) in addition to on the underground ramp and air flow shaft (1,025 m  over 6 holes) areas proposed within the not too long ago accomplished lithium-only Feasibility Examine on the CV5 Pegmatite (see information launch dated October 20, 2025) (Determine 2). This drilling achieved its goals of characterizing the native geology in addition to condemning key areas, and can inform the pending Environmental and Social Impression Evaluation (“ESIA”), and deliberate bulk pattern for the Challenge.

CV8 Pegmatite

The CV8 Pegmatite, characterised at floor by a number of LCT pegmatite outcrops, is located roughly 0.5 km south of the CV12 Pegmatite on a sub-parallel development. A complete of 2,523 m (11 holes) have been accomplished, of which, outcomes for 1,312 m (6 holes) are introduced herein (see Determine 4, Desk 6, and Desk 7).

One of the best outcomes from the holes introduced herein on the CV8 Pegmatite are 3.1 m at 1.52% Li2O and 3.5 m at 1.26% Li2O – each from drill gap CV25-940A. These intervals additionally returned high-grade tantalum at 321 ppm Ta2O5 and 295 ppm Ta2O5, respectively.

The goal stays potential and warrants additional drilling given the affiliation with ultramafic rocks proximal (typically strongly related to the widest spodumene pegmatite our bodies on the Property), the massive variety of particular person pegmatite intercepts in drill gap (suggests quantity potential), and the presence of spodumene within the system (lithium funds is current).

Subsequent Steps

The geology workforce is at present decoding and dealing with the brand new drill gap knowledge to advance the host rock and pegmatite geological fashions for the Challenge. The work is concentrated on the CV5 and CV13 pegmatites forward of updates that may feed into up to date block fashions, culminating right into a revised financial research scheduled for the second half of 2026. The information may also inform an underground bulk pattern of mineralized pegmatite at CV5, which is at present being permitted.

Outcomes stay to be reported for 15,081 m (72 holes), of which the overwhelming majority are from infill and step-holes on the CV13 Pegmatite, together with the high-grade (Li-Cs-Ta) Vega Zone. Remaining assay certificates are anticipated to be obtained over the vacations and subsequently outcomes for the ultimate drill holes of the 2025 marketing campaign shall be reported within the new 12 months.

Desk 1: Core assay abstract for drill holes reported herein on the CV4 Spodumene Pegmatite.

Gap ID

From
(m)

To
(m)

Interval
(m)

Li2O
(%)

Cs2O
(%)

Ta2O5
(ppm)

CV25-928

278.9

281.4

2.5

0.19

0.03

130

CV25-932

No >2 m pegmatite intersections

CV25-935

No >2 m pegmatite intersections

CV25-942

349.6

363.2

13.6

0.90

0.05

76

Incl.

350.2

362.1

11.9

1.01

0.05

76

436.9

457.1

20.2(3)

0.75

0.03

78

Incl.

437.5

445.4

7.9

1.41

0.03

86

CV25-950

375.8

387.3

11.5

1.27

0.04

125

457.6

471.3

13.7

0.27

0.03

84

CV25-961

Gap misplaced and re-collared

CV25-1002

Gap misplaced and re-collared

CV25-1002A

Gap misplaced and re-collared

CV25-1013

177.3

182.7

5.4

0.00

0.01

385

373.2

400.2

27.0

1.14

0.03

122

Incl.

376.9

396.0

19.2

1.45

0.03

113

419.4

423.5

4.1

0.02

0.01

98

463.0

469.4

6.4

0.28

0.03

156

490.2

503.1

13.0

1.37

0.03

97

(1) All intervals are core size and offered for all pegmatite intervals >2 m. (2) Collared in pegmatite. (3) Contains minor intervals of non-pegmatite items (sometimes <3 m).

Desk 2: Core assay abstract for drill holes reported herein on the CV12 Spodumene Pegmatite.

Gap ID

From
(m)

To
(m)

Interval
(m)

Li2O
(%)

Cs2O
(%)

Ta2O5
(ppm)

CV25-872

20.0

22.7

2.8

0.39

0.07

118

33.3

38.0

4.8

0.17

0.07

54

CV25-873

7.8

11.7

3.9

0.67

0.22

328

Incl.

8.4

8.9

0.5

0.50

0.85

211

13.7

15.7

2.0

0.54

0.08

144

57.8

60.3

2.5

0.82

0.03

232

CV25-875

7.6

36.6

29.0

1.31

0.81

248

Incl.

12.5

14.0

1.5

0.25

0.89

6

Incl.

22.6

35.1

12.5

2.76

1.55

334

or

22.6

25.6

3.0

2.03

5.82

368

or

31.6

35.1

3.6

3.75

0.21

587

58.2

64.2

6.0

0.01

0.00

3

CV25-876

20.0

25.1

5.1

0.18

0.09

118

36.7

39.7

3.0

0.04

0.05

301

CV25-877

No >2 m pegmatite intersections

CV25-878

28.1

35.5

7.4

0.70

0.21

108

58.2

61.7

3.5

0.52

0.10

172

96.7

98.7

2.0

0.02

0.04

230

CV25-880

30.9

50.2

19.3

0.51

0.31

170

Incl.

31.9

36.2

4.3

1.36

0.64

144

Incl.

44.9

46.5

1.6

0.41

0.97

165

CV25-881

48.0

53.4

5.4

0.07

0.03

118

117.5

120.5

3.0

0.03

0.04

165

CV25-882

43.7

53.0

9.3

0.11

0.05

302

60.4

62.4

2.0

0.06

0.04

165

CV25-883

57.4

60.3

2.9

0.13

0.01

78

CV25-884

No >2 m pegmatite intersections

CV25-886

133.3

135.4

2.1

0.00

0.02

115

CV25-887

No >2 m pegmatite intersections

CV25-888

No >2 m pegmatite intersections

CV25-889

Gap misplaced and re-collared

CV25-889A

No >2 m pegmatite intersections

CV25-890

Gap misplaced and re-collared

CV25-890A

No >2 m pegmatite intersections

CV25-892

No >2 m pegmatite intersections

CV25-893

No >2 m pegmatite intersections

CV25-894

43.9

73.2

29.4

1.28

0.31

177

Incl.

46.8

58.7

11.9

2.86

0.38

168

or

57.4

60.0

2.6

1.58

1.02

159

Incl.

64.3

66.5

2.2

0.17

0.71

297

CV25-895

110.7

113.1

2.3

0.01

0.00

248

116.6

118.9

2.3

0.01

0.06

242

CV25-897

56.7

59.5

2.8

0.04

0.01

217

74.1

84.5

10.4

0.06

0.01

94

CV25-898

No >2 m pegmatite intersections

CV25-899

44.2

46.2

2.0

0.02

0.00

15

92.8

97.9

5.1

0.01

0.06

78

CV25-900

No >2 m pegmatite intersections

CV25-901

No >2 m pegmatite intersections

CV25-902

28.2

46.4

18.3

0.57

0.36

228

Incl.

30.0

40.8

10.9

0.91

0.54

273

or

33.6

38.0

4.4

0.85

0.90

156

83.5

104.0

20.4(3)

0.57

0.23

145

Incl.

97.0

104.0

7.0

0.99

0.43

165

or

97.0

98.0

1.0

1.11

1.47

203

or

102.5

104.0

1.5

1.63

0.63

149

CV25-903

54.8

64.1

9.3

0.34

0.16

52

71.2

73.8

2.6

0.20

0.25

155

CV25-904

80.9

87.3

6.4

0.02

0.01

555

114.1

116.1

2.0

0.01

0.00

102

CV25-906

20.7

23.3

2.5

0.11

0.12

319

61.1

66.2

5.1

0.21

0.11

265

CV25-907

24.4

29.5

5.1

0.01

0.01

87

37.6

42.2

4.6

0.05

0.05

70

CV25-908

148.7

152.3

3.6

0.01

0.07

72

CV25-909

No >2 m pegmatite intersections

CV25-910

117.7

123.4

5.7

0.05

0.01

303

127.3

132.6

5.3

0.02

0.01

123

134.6

138.9

4.3

0.03

0.01

84

CV25-912

87.2

94.2

7.0

0.02

0.06

70

102.0

105.2

3.2

0.02

0.04

106

186.4

187.4

1.0

0.02

1.46

53

CV25-916

14.9

21.9

7.0(2)

0.01

0.10

275

134.5

143.8

9.3

0.13

0.04

96

CV25-918

38.0

44.5

6.5

0.35

0.10

157

59.7

64.6

4.9

0.07

0.06

105

CV25-922

6.5

47.8

41.3(3)

0.88

0.23

167

Incl.

14.8

42.3

27.5

1.20

0.29

192

or

22.3

23.8

1.4

2.14

1.24

257

or

35.5

42.3

6.8

1.97

0.38

233

or

37.0

38.6

1.5

2.29

0.81

545

CV25-923

19.8

30.2

10.4

1.33

0.39

293

Incl.

25.2

27.2

2.0

1.20

0.53

100

Incl.

28.8

30.2

1.4

2.81

1.77

186

33.9

49.3

15.5

0.14

0.11

216

78.9

82.6

3.6

0.03

0.03

151

CV25-926

39.7

43.4

3.7

0.08

0.15

96

54.4

59.8

5.5

0.12

0.11

152

CV25-934

222.1

224.1

2.0

0.02

0.02

156

238.3

242.3

4.0

0.10

0.01

211

CV25-938

No >2 m pegmatite intersections

CV25-939

No >2 m pegmatite intersections

CV25-944

8.6

10.1

1.5

0.04

3.30

69

19.0

23.3

4.3

0.47

0.04

174

73.4

75.4

2.0

0.05

0.03

124

CV25-946

31.8

62.5

30.7

0.29

0.06

123

64.8

70.7

5.9

0.12

0.05

160

113.6

119.6

6.0

0.04

0.08

211

CV25-949

31.5

38.5

7.0

0.07

0.06

55

82.5

90.8

8.3

0.01

0.04

71

CV25-954

No >2 m pegmatite intersections

CV25-956

No >2 m pegmatite intersections

CV25-960

No >2 m pegmatite intersections

CV25-963

No >2 m pegmatite intersections

(1) All intervals are core size and offered for all pegmatite intervals >2 m. (2) Collared in pegmatite. (3) Contains minor intervals of non-pegmatite items (sometimes <3 m).

Desk 3: Core assay abstract for drill holes reported herein on the CV13 Spodumene Pegmatite.

Gap ID

From
(m)

To
(m)

Interval
(m)

Li2O
(%)

Cs2O
(%)

Ta2O5
(ppm)

CV25-788

374.2

377.9

3.6

0.72

0.19

116

CV25-789

31.12

40.5

9.4

1.11

0.06

220

Incl.

35.34

39.5

4.2

2.07

0.07

115

CV25-790

121.8

132.2

10.3

0.15

0.03

194

CV25-791

173.4

177.2

3.8

0.21

0.01

4058

CV25-792

199.2

211.0

11.8

0.84

0.08

175

CV25-793

138.0

144.4

6.3

0.14

0.03

294

312.44

314.8

2.3

0.77

0.06

125

CV25-794

233.6

237.9

4.2

0.05

0.03

221

CV25-795

No >2 m pegmatite intersections

CV25-796

170.0

181.7

11.7

1.16

0.06

412

Incl.

171.9

177.3

5.4

1.98

0.07

366

CV25-797

No >2 m pegmatite intersections

CV25-798

231.8

234.0

2.2

0.01

0.01

176

CV25-799

No >2 m pegmatite intersections

CV25-800

110.5

120.3

9.8

0.03

0.02

216

CV25-801

No >2 m pegmatite intersections

CV25-802

45.0

47.0

2.0

0.02

0.01

62

194.8

209.4

14.6

1.04

0.17

165

Incl.

201.4

202.3

0.9

1.68

1.42

600

CV25-803

327.2

329.0

1.8

2.28

0.32

159

CV25-804

174.3

185.3

11.0

0.90

0.09

237

CV25-805

No >2 m pegmatite intersections

CV25-806

108.6

111.3

2.7

0.04

0.02

151

275.7

286.6

10.9

1.00

0.09

123

Incl.

278.0

280.0

2.1

3.95

0.21

337

CV25-809

No >2 m pegmatite intersections

CV25-810

No >2 m pegmatite intersections

CV25-813

No >2 m pegmatite intersections

CV25-814

84.2

92.5

8.4

0.22

0.03

158

CV25-817

212.2

214.9

2.7

0.61

0.09

712

CV25-818

No >2 m pegmatite intersections

CV25-819

55.6

58.1

2.5

0.01

0.02

62

198.2

208.9

10.7

0.98

0.09

123

Incl.

199.6

203.7

4.1

2.18

0.11

173

CV25-822

No >2 m pegmatite intersections

CV25-823

No >2 m pegmatite intersections

CV25-825

212.0

215.9

4.0

0.24

0.08

113

CV25-828

208.8

211.7

2.8

0.93

0.09

347

214.2

218.7

4.5

0.17

0.06

133

CV25-830

No >2 m pegmatite intersections

CV25-832

No >2 m pegmatite intersections

CV25-833

227.0

232.0

5.0

0.69

0.09

331

240.6

243.3

2.7

0.26

0.12

132

CV25-836

No >2 m pegmatite intersections

CV25-837

245.1

253.2

8.1

1.00

0.21

100

Incl.

248.4

249.9

1.5

3.68

0.83

116

CV25-841

No >2 m pegmatite intersections

CV25-843

No >2 m pegmatite intersections

CV25-846

329.7

332.7

3.0

0.11

0.02

447

CV25-847

No >2 m pegmatite intersections

CV25-851

No >2 m pegmatite intersections

CV25-854

263.6

268.5

4.9

0.57

0.05

193

CV25-858

No >2 m pegmatite intersections

CV25-859

261.5

270.1

8.6

1.60

0.09

115

CV25-863

No >2 m pegmatite intersections

CV25-864

No >2 m pegmatite intersections

CV25-868

No >2 m pegmatite intersections

CV25-871

No >2 m pegmatite intersections

(1) All intervals are core size and offered for all pegmatite intervals >2 m. (2) Collared in pegmatite. (3) Contains minor intervals of non-pegmatite items (sometimes <3 m).

Desk 4: Core assay abstract for drill holes reported herein on the CV5 Spodumene Pegmatite.

Gap ID

From
(m)

To
(m)

Interval
(m)

Li2O
(%)

Cs2O
(%)

Ta2O5
(ppm)

Feedback

CV25-866

No >2 m pegmatite intersections

CV25-874

240.8

244.8

4.0

0.01

0.01

34

CV25-879

72.7

77.1

4.5

0.72

0.10

119

259.1

262.1

3.0

0.05

0.03

307

272.3

297.2

24.9

1.34

0.17

210

Incl.

283.8

295.1

11.2

2.16

0.26

173

CV25-885

64.3

68.5

4.2

0.15

0.04

111

222.1

231.6

9.4

1.13

0.08

270

238.4

253.5

15.1

0.98

0.71

225

Incl.

238.4

246.9

8.5

1.64

1.20

265

or

240.2

241.2

1.0

1.22

9.09

588

or

240.2

240.7

0.5

0.99

17.92

1089

407.1

411.2

4.2

0.01

0.05

233

CV25-891

No >2 m pegmatite intersections

CV25-896

No >2 m pegmatite intersections

CV25-905

32.7

40.0

7.3

0.48

0.03

161

303.6

318.3

14.7

0.21

0.03

235

336.2

338.5

2.3

0.19

0.05

247

CV25-911

29.7

33.8

4.1

0.03

0.01

106

253.2

263.5

10.3

0.65

0.11

240

CV25-915

30.0

35.3

5.3

0.48

0.04

130

255.0

257.4

2.4

0.08

0.07

302

361.5

363.6

2.1

0.01

0.05

227

CV25-920

No >2 m pegmatite intersections

CV25-925

343.7

355.0

11.3

0.04

0.01

90

359.8

362.1

2.2

0.09

0.03

102

363.6

390.4

26.8

0.42

0.03

186

Incl.

369.1

373.2

4.1

0.91

0.05

556

Incl.

378.2

384.6

6.4

0.95

0.04

158

CV25-929

240.7

246.7

6.0

0.46

0.04

209

CV25-931

264.5

268.0

3.4

0.41

0.07

117

CV25-936

283.2

287.1

3.8

2.29

0.17

412

317.7

320.5

2.8

0.53

0.07

320

330.7

333.4

2.7

0.23

0.01

139

CV25-943

238.2

251.5

13.3(3)

0.50

0.08

329

260.1

265.4

5.2

0.66

0.02

280

426.3

427.0

0.7

0.33

>1.06

396

Cs overlimit pending

442.8

445.2

2.4

0.05

0.05

175

CV25-952

220.0

223.1

3.1

0.09

0.04

178

CV25-959

No >2 m pegmatite intersections

CV25-965

No >2 m pegmatite intersections

(1) All intervals are core size and offered for all pegmatite intervals >2 m. (2) Collared in pegmatite. (3) Contains minor intervals of non-pegmatite items (sometimes <3 m).

Desk 5: Core assay abstract for drill holes reported herein accomplished for infrastructure growth.

Gap ID

From
(m)

To
(m)

Interval
(m)

Li2O
(%)

Cs2O
(%)

Ta2O5
(ppm)

CV25-807

No >2 m pegmatite intersections

CV25-808

No >2 m pegmatite intersections

CV25-811

No >2 m pegmatite intersections

CV25-812

No >2 m pegmatite intersections

CV25-815

No >2 m pegmatite intersections

CV25-816

No >2 m pegmatite intersections

CV25-820

No >2 m pegmatite intersections

CV25-821

No >2 m pegmatite intersections

CV25-824

No >2 m pegmatite intersections

CV25-826

No >2 m pegmatite intersections

CV25-827

No >2 m pegmatite intersections

CV25-829

No >2 m pegmatite intersections

CV25-831

No >2 m pegmatite intersections

CV25-834

No >2 m pegmatite intersections

CV25-835

No >2 m pegmatite intersections

CV25-838

No >2 m pegmatite intersections

CV25-839

No >2 m pegmatite intersections

CV25-840

No >2 m pegmatite intersections

CV25-842

2.6

15.8

13.2

0.00

0.01

30

CV25-844

50.6

52.6

2.0

0.00

0.01

39

CV25-845

No >2 m pegmatite intersections

CV25-848

96.2

144.8

48.6

0.01

0.00

17

CV25-849

74.3

76.7

2.4

0.00

0.00

64

79.8

85.7

5.8

0.00

0.00

89

CV25-850

No >2 m pegmatite intersections

CV25-852

144.2

151.6

7.4

0.00

0.00

36

CV25-853

No >2 m pegmatite intersections

CV25-855

97.3

101.6

4.3

0.01

0.00

20

122.0

124.0

2.0

0.03

0.01

6

125.1

132.8

7.6

0.01

0.00

12

CV25-856

No >2 m pegmatite intersections

CV25-857

No >2 m pegmatite intersections

CV25-860

96.9

100.9

4.0

0.00

0.00

19

CV25-861

No >2 m pegmatite intersections

CV25-862

No >2 m pegmatite intersections

CV25-865

No >2 m pegmatite intersections

CV25-867

No >2 m pegmatite intersections

CV25-869

No >2 m pegmatite intersections

CV25-870

No >2 m pegmatite intersections

CV25-970

No >2 m pegmatite intersections

CV25-974

No >2 m pegmatite intersections

CV25-981

No >2 m pegmatite intersections

CV25-987

No >2 m pegmatite intersections

CV25-990

No >2 m pegmatite intersections

CV25-993

No >2 m pegmatite intersections

(1) All intervals are core size and offered for all pegmatite intervals >2 m. (2) Collared in pegmatite. (3) Contains minor intervals of non-pegmatite items (sometimes <3 m).

Desk 6: Core assay abstract for drill holes reported herein on the CV8 Spodumene Pegmatite.

Gap ID

From
(m)

To
(m)

Interval
(m)

Li2O
(%)

Cs2O
(%)

Ta2O5
(ppm)

CV25-940

Gap misplaced and re-collared

CV25-940A

16.61

19.7

3.1

1.52

0.03

321

41.16

44.6

3.5

1.26

0.05

295

108.07

113.5

5.4

0.02

0.01

210

CV25-947

154.3

160.68

6.4

0.03

0.03

154

230.2

233.17

3.0

0.01

0.01

159

271.2

274.18

3.0

0.01

0.01

390

CV25-951

189.6

192.6

3.0

0.04

0.01

52

CV25-978

82.85

85.7

2.9

0.08

0.03

103

203.26

205.6

2.3

0.01

0.01

121

CV25-991

No >2 m pegmatite intersections

(1) All intervals are core size and offered for all pegmatite intervals >2 m. (2) Collared in pegmatite. (3) Contains minor intervals of non-pegmatite items (sometimes <3 m).

Desk 7: Attributes for drill holes reported herein on the Shaakichiuwaanaan Property.

Gap ID

Substrate

Complete Depth
(m)

Azimuth
(°)

Dip
(°)

Easting

Northing

Elevation
(m)

Core
Dimension

Space

CV25-788

Land

427.9

0

-90

564900.5

5928788.9

403.2

NQ

CV13

CV25-789

Land

247.8

140

-55

565998.5

5928514.4

366.1

NQ

CV13

CV25-790

Land

302.1

158

-45

566242.2

5928702.7

374.4

NQ

CV13

CV25-791

Land

242.0

200

-60

564900.3

5928788.3

403.2

NQ

CV13

CV25-792

Land

230.1

158

-45

566204.2

5928801.5

382.1

NQ

CV13

CV25-793

Land

359.0

0

-90

564848.3

5928645.6

404.1

NQ

CV13

CV25-794

Land

293.0

158

-72

566203.9

5928802.2

382.1

NQ

CV13

CV25-795

Land

196.9

200

-55

564848.0

5928644.8

404.1

NQ

CV13

CV25-796

Land

209.0

158

-45

566297.2

5928828.6

379.4

NQ

CV13

CV25-797

Land

194.0

200

-75

564791.9

5928495.4

410.2

NQ

CV13

CV25-798

Land

272.0

158

-70

566296.8

5928829.3

379.4

NQ

CV13

CV25-799

Land

188.1

0

-90

564764.7

5928666.9

403.2

NQ

CV13

CV25-800

Land

203.0

158

-45

566332.8

5928736.0

370.9

NQ

CV13

CV25-801

Land

190.9

200

-55

564764.4

5928666.2

403.2

NQ

CV13

CV25-802

Land

259.8

158

-70

566388.9

5928866.7

373.9

NQ

CV13

CV25-803

Land

349.9

200

-55

564679.5

5928684.8

409.4

NQ

CV13

CV25-804

Land

244.9

158

-45

566389.0

5928866.2

374.0

NQ

CV13

CV25-805

Land

305.1

20

-60

564680.1

5928685.8

409.4

NQ

CV13

CV25-806

Land

398.0

158

-67

566350.5

5928959.9

381.2

NQ

CV13

CV25-807

Land

147.7

340

-45

572480.6

5932795.2

409.7

NQ

North CV5

CV25-808

Land

152.0

340

-45

572277.4

5932748.6

407.9

NQ

North CV5

CV25-809

Land

442.9

158

-81

566350.4

5928960.1

381.1

NQ

CV13

CV25-810

Land

434.1

200

-56

564378.3

5928979.4

410.1

NQ

CV13

CV25-811

Land

152.0

340

-45

573480.6

5933151.9

422.3

NQ

North CV5

CV25-812

Land

151.9

340

-45

573467.0

5933198.2

430.6

NQ

North CV5

CV25-813

Land

404.1

200

-52

564281.4

5928775.6

411.8

NQ

CV13

CV25-814

Land

257.0

168

-45

566441.8

5928780.5

370.4

NQ

CV13

CV25-815

Land

152.0

340

-45

573803.6

5933256.3

408.9

NQ

North CV5

CV25-816

Land

151.9

340

-45

573614.2

5932954.3

404.2

NQ

North CV5

CV25-817

Land

283.9

158

-45

566480.4

5928904.7

375.6

NQ

CV13

CV25-818

Land

317.1

200

-47

564179.1

5928577.3

413.8

NQ

CV13

CV25-819

Land

287.0

158

-70

566480.7

5928904.0

375.6

NQ

CV13

CV25-820

Land

149.1

340

-45

573402.6

5932897.9

402.5

NQ

North CV5

CV25-821

Land

151.9

340

-45

573734.3

5933451.3

419.6

NQ

North CV5

CV25-822

Land

401.0

158

-45

566879.7

5929390.6

388.6

NQ

CV13

CV25-823

Land

253.8

158

-45

566518.8

5928813.7

375.0

NQ

CV13

CV25-824

Land

152.0

340

-45

573334.9

5933086.9

425.7

NQ

North CV5

CV25-825

Land

323.0

158

-45

566577.0

5928926.4

376.8

NQ

CV13

CV25-826

Land

151.8

340

-45

573719.4

5933543.5

417.4

NQ

North CV5

CV25-827

Land

155.0

340

-45

572866.3

5932915.4

408.1

NQ

North CV5

CV25-828

Land

251.0

158

-70

566576.7

5928927.1

376.7

NQ

CV13

CV25-829

Land

151.9

340

-45

573198.6

5933460.4

444.0

NQ

North CV5

CV25-830

Land

332.0

158

-45

566941.7

5929243.7

396.9

NQ

CV13

CV25-831

Land

152.1

340

-45

572947.4

5933257.8

430.8

NQ

North CV5

CV25-832

Land

197.0

158

-45

566612.2

5928848.6

369.3

NQ

CV13

CV25-833

Land

292.9

158

-45

566669.5

5928978.2

374.4

NQ

CV13

CV25-834

Land

152.1

340

-45

573222.3

5933220.9

444.8

NQ

North CV5

CV25-835

Land

155.1

340

-45

572729.0

5933291.2

423.9

NQ

North CV5

CV25-836

Land

296.0

158

-45

566974.0

5929158.1

380.4

NQ

CV13

CV25-837

Land

284.0

158

-70

566669.3

5928978.9

374.5

NQ

CV13

CV25-838

Land

152.1

340

-45

572655.0

5933491.3

406.7

NQ

North CV5

CV25-839

Land

151.8

340

-45

572327.9

5932933.0

414.9

NQ

North CV5

CV25-840

Land

152.0

340

-45

572183.7

5933318.9

406.0

NQ

North CV5

CV25-841

Land

296.2

158

-45

567010.6

5929064.7

371.2

NQ

CV13

CV25-842

Land

152.0

340

-45

568907.0

5932167.5

380.7

NQ

North CV5

CV25-843

Land

248.0

158

-45

566704.6

5928888.5

370.1

NQ

CV13

CV25-844

Land

152.0

340

-45

569273.8

5932604.1

372.6

NQ

North CV5

CV25-845

Land

151.9

340

-45

572260.3

5933120.7

418.2

NQ

North CV5

CV25-846

Land

380.0

158

-67

566630.7

5929074.5

387.2

NQ

CV13

CV25-847

Land

223.8

158

-45

567141.4

5929278.9

388.2

NQ

CV13

CV25-848

Land

149.0

340

-45

568891.9

5932280.7

378.3

NQ

North CV5

CV25-849

Land

152.0

340

-45

569355.1

5932372.9

392.3

NQ

North CV5

CV25-850

Land

152.0

340

-45

569639.6

5933058.1

373.3

NQ

North CV5

CV25-851

Land

395.1

158

-45

567177.2

5929185.3

378.1

NQ

CV13

CV25-852

Land

151.8

340

-45

568982.9

5931957.6

386.0

NQ

North CV5

CV25-853

Land

152.1

340

-45

569407.2

5932239.0

394.7

NQ

North CV5

CV25-854

Land

323.1

158

-45

566759.8

5929016.5

374.4

NQ

CV13

CV25-855

Land

152.0

340

-45

569705.8

5932868.7

375.8

NQ

North CV5

CV25-856

Land

152.0

200

-45

569110.3

5931947.8

393.4

NQ

North CV5

CV25-857

Land

152.0

340

-45

569422.1

5932016.2

383.4

NQ

North CV5

CV25-858

Land

289.9

158

-45

567061.2

5928937.0

365.8

NQ

CV13

CV25-859

Land

313.9

158

-65

566759.6

5929017.2

374.4

NQ

CV13

CV25-860

Land

152.0

340

-45

569774.9

5932682.5

393.6

NQ

North CV5

CV25-861

Land

152.1

340

-45

571960.6

5932477.1

396.1

NQ

North CV5

CV25-862

Land

151.9

340

-45

571708.1

5933215.0

406.3

NQ

North CV5

CV25-863

Land

268.8

158

-45

567095.0

5928807.1

361.1

NQ

CV13

CV25-864

Land

260.0

158

-45

566804.7

5928921.9

370.7

NQ

CV13

CV25-865

Land

152.2

340

-45

569841.0

5932535.5

395.4

NQ

North CV5

CV25-866

Land

430.9

158

-45

567719.9

5929498.7

385.1

NQ

CV5

CV25-867

Land

152.1

340

-45

571890.7

5932667.0

406.0

NQ

North CV5

CV25-868

Land

296.0

158

-45

566808.1

5929572.8

388.2

NQ

CV13

CV25-869

Land

149.0

340

-45

571754.7

5933045.2

402.1

NQ

North CV5

CV25-870

Land

152.0

340

-45

571957.6

5932931.7

411.9

NQ

North CV5

CV25-871

Land

214.9

158

-45

566843.5

5929483.6

388.3

NQ

CV13

CV25-872

Land

290.1

200

-45

561718.7

5929484.8

432.2

NQ

CV12

CV25-873

Land

326.0

200

-45

561628.2

5929617.0

425.3

NQ

CV12

CV25-874

Land

350.1

158

-45

568196.4

5929863.1

398.1

NQ

CV5

CV25-875

Land

296.5

200

-85

561628.4

5929617.6

425.1

NQ

CV12

CV25-876

Land

229.9

200

-85

561718.9

5929485.4

432.2

NQ

CV12

CV25-877

Land

239.0

200

-45

561655.7

5929718.1

406.9

NQ

CV12

CV25-878

Land

161.0

200

-45

561815.1

5929451.2

437.2

NQ

CV12

CV25-879

Land

392.0

158

-45

568176.8

5929911.1

400.7

NQ

CV5

CV25-880

Land

281.1

200

-45

561714.6

5929601.4

418.1

NQ

CV12

CV25-881

Land

272.0

200

-45

561862.8

5929433.1

429.0

NQ

CV12

CV25-882

Land

248.0

200

-85

561714.8

5929602.0

417.9

NQ

CV12

CV25-883

Land

296.3

200

-85

561863.2

5929433.6

428.9

NQ

CV12

CV25-884

Land

154.0

200

-45

561467.8

5929663.1

411.2

NQ

CV12

CV25-885

Land

476.0

158

-65

568176.6

5929911.7

400.8

NQ

CV5

CV25-886

Land

191.1

200

-45

561956.7

5929404.2

427.4

NQ

CV12

CV25-887

Land

199.2

20

-45

561441.6

5929605.1

421.2

NQ

CV12

CV25-888

Land

212.0

200

-45

561519.0

5929660.3

413.5

NQ

CV12

CV25-889

Land

9.3

200

-45

561991.0

5929513.0

423.2

NQ

CV12

CV25-889A

Land

260.0

200

-45

561991.7

5929513.2

425.3

NQ

CV12

CV25-890

Land

7.4

200

-85

561409.8

5929651.3

409.4

NQ

CV12

CV25-890A

Land

199.9

200

-85

561410.8

5929647.0

415.6

NQ

CV12

CV25-891

Land

296.1

158

-45

568233.2

5929776.0

390.1

NQ

CV5

CV25-892

Land

256.9

200

-85

561992.1

5929514.2

425.4

NQ

CV12

CV25-893

Land

248.0

60

-45

561641.1

5929411.6

432.0

NQ

CV12

CV25-894

Land

238.7

200

-45

561809.3

5929564.2

417.3

NQ

CV12

CV25-895

Land

140.3

20

-45

561780.9

5929349.6

427.0

NQ

CV12

CV25-896

Land

416.9

158

-58

568139.0

5930003.0

400.9

NQ

CV5

CV25-897

Land

121.8

200

-85

561809.5

5929564.9

417.3

NQ

CV12

CV25-898

Land

221.0

200

-45

561586.4

5929700.7

400.3

NQ

CV12

CV25-899

Land

202.9

200

-45

561894.9

5929534.1

422.7

NQ

CV12

CV25-900

Land

71.0

200

-85

561586.6

5929701.5

400.2

NQ

CV12

CV25-901

Land

167.0

200

-50

561849.3

5929671.5

400.6

NQ

CV12

CV25-902

Land

196.9

200

-67

561899.8

5929537.8

420.9

NQ

CV12

CV25-903

Land

139.7

200

-45

561839.7

5929519.1

423.6

NQ

CV12

CV25-904

Land

184.8

200

-87

561899.8

5929537.8

420.9

NQ

CV12

CV25-905

Land

374.0

158

-45

568085.2

5929873.1

399.2

NQ

CV5

CV25-906

Land

146.0

200

-85

561841.3

5929514.5

426.5

NQ

CV12

CV25-907

Land

163.9

200

-45

561932.3

5929477.5

429.5

NQ

CV12

CV25-908

Land

218.0

200

-45

561958.1

5929547.4

424.5

NQ

CV12

CV25-909

Land

133.8

200

-65

561932.6

5929478.0

429.5

NQ

CV12

CV25-910

Land

223.3

200

-65

561958.3

5929547.8

424.4

NQ

CV12

CV25-911

Land

373.9

158

-65

568085.0

5929873.4

399.1

NQ

CV5

CV25-912

Land

236.0

200

-45

562084.2

5929455.0

422.1

NQ

CV12

CV25-915

Land

388.0

158

-64

568148.1

5929847.3

397.8

NQ

CV5

CV25-916

Land

260.0

200

-70

562084.4

5929455.6

422.2

NQ

CV12

CV25-918

Land

104.2

200

-45

561751.6

5929540.7

427.4

NQ

CV12

CV25-920

Land

352.7

158

-45

568102.8

5929826.1

396.6

NQ

CV5

CV25-922

Land

130.8

200

-85

561751.8

5929541.3

427.2

NQ

CV12

CV25-923

Land

146.0

200

-45

561675.7

5929614.3

420.3

NQ

CV12

CV25-925

Land

424.9

158

-65

568057.2

5929806.2

394.1

NQ

CV5

CV25-926

Land

97.9

200

-85

561676.0

5929615.0

420.2

NQ

CV12

CV25-928

Land

488.1

158

-45

574111.0

5932312.3

378.5

NQ

CV4

CV25-929

Land

347.6

158

-50

568057.5

5929805.8

394.1

NQ

CV5

CV25-931

Land

444.6

158

-57

568057.4

5929806.0

394.1

NQ

CV5

CV25-932

Land

415.9

158

-65

574110.6

5932313.1

378.8

NQ

CV4

CV25-934

Land

251.0

200

-50

562125.2

5929558.0

404.8

NQ

CV12

CV25-935

Land

436.9

158

-75

574080.1

5931860.0

380.9

NQ

CV4

CV25-936

Land

387.2

158

-45

567991.1

5929835.5

392.2

NQ

CV5

CV25-938

Land

320.0

200

-70

562125.4

5929558.4

404.8

NQ

CV12

CV25-939

Land

242.0

200

-50

562199.3

5929521.8

406.0

NQ

CV12

CV25-940

Land

44.0

200

-45

561983.6

5928890.9

410.0

NQ

CV8

CV25-940A

Land

160.3

200

-47

561983.9

5928890.9

409.9

NQ

CV8

CV25-942

Land

536.1

158

-45

574080.1

5931860.0

380.9

NQ

CV4

CV25-943

Land

478.6

158

-65

567991.1

5929835.7

392.2

NQ

CV5

CV25-944

Land

196.8

158

-65

562051.7

5929354.7

431.1

NQ

CV12

CV25-946

Land

163.9

200

-45

562174.1

5929435.6

421.7

NQ

CV12

CV25-947

Land

299.0

200

-45

562024.1

5929004.7

429.5

NQ

CV8

CV25-949

Land

161.0

200

-70

562174.3

5929436.0

421.6

NQ

CV12

CV25-950

Land

527.0

200

-51

574080.1

5931860.0

380.9

NQ

CV4

CV25-951

Land

285.8

200

-60

562024.2

5929005.1

429.4

NQ

CV8

CV25-952

Land

425.0

158

-57

567991.0

5929835.8

392.1

NQ

CV5

CV25-954

Land

242.0

200

-45

562143.7

5929330.5

433.7

NQ

CV12

CV25-956

Land

179.0

200

-45

562273.0

5929388.5

429.3

NQ

CV12

CV25-959

Land

380.0

158

-45

567963.3

5929775.9

390.0

NQ

CV5

CV25-960

Land

245.0

200

-85

562273.5

5929389.2

429.1

NQ

CV12

CV25-961

Land

257.0

158

-56

574080.1

5931860.0

380.9

NQ

CV4

CV25-963

Land

176.0

200

-45

562239.2

5929293.4

435.7

NQ

CV12

CV25-965

Land

362.0

158

-60

567963.2

5929776.2

389.8

NQ

CV5

CV25-970

Land

101.0

338

-45

570088.4

5931288.0

381.0

NQ

North CV5

CV25-974

Land

253.9

338

-45

570230.0

5931279.1

378.9

NQ

North CV5

CV25-978

Land

214.8

200

-75

562183.0

5928832.8

404.4

NQ

CV8

CV25-981

Land

139.7

338

-45

570449.6

5931153.1

375.0

NQ

North CV5

CV25-987

Land

140.1

338

-45

570599.8

5931123.3

376.2

NQ

North CV5

CV25-990

Land

203.0

338

-45

571042.3

5931271.1

384.4

NQ

North CV5

CV25-991

Land

308.0

200

-45

561776.0

5928865.2

401.1

NQ

CV8

CV25-993

Land

188.1

338

-45

570955.7

5931625.2

382.9

NQ

North CV5

CV25-1002

Land

74.0

158

-45

574178.2

5931809.1

379.1

NQ

CV4

CV25-1002A

Land

9.0

158

-45

574177.3

5931810.4

380.6

NQ

CV4

CV25-1013

Land

514.8

158

-58

574178.1

5931810.0

379.2

NQ

CV4

(1) Coordinate system NAD83 / UTM zone 18N; (2) All drill holes are diamond drill; (3) Azimuths and dips offered are these ‘deliberate’ and will range off collar/downhole.

High quality Assurance / High quality Management (QAQC)

A High quality Assurance / High quality Management protocol following business finest practices was integrated into this system and included systematic insertion of quartz blanks and authorized reference supplies into pattern batches at a price of roughly 5% every. Moreover, evaluation of pulp-split pattern duplicates was accomplished to evaluate analytical precision, and exterior (secondary) laboratory pulp-split duplicates have been ready on the main lab for subsequent examine evaluation and validation.

All core samples collected have been shipped to SGS Canada’s laboratory in Val-d’Or, QC, for pattern preparation (code PRP90 particular) which incorporates drying at 105°C, crush to 90% passing 2 mm, riffle break up 250 g, and pulverize 85% passing 75 microns. The pulps have been shipped by air to SGS Canada’s laboratory in Burnaby, BC, the place the samples have been homogenized and subsequently analyzed for multi-element (together with Li, Ta, and Cs) utilizing sodium peroxide fusion with ICP-AES/MS end (codes GE_ICP91A50 and GE_IMS91A50). Overlimits for Cs have been accomplished at SGS Canada’s laboratory in Lakefield, ON, by borate-fusion XRF (code GC_XRF76V).

Certified/Competent Individual

The technical and scientific info on this information launch that pertains to the Mineral Useful resource  Estimate and exploration outcomes for the Firm’s properties relies on, and pretty represents, info compiled by Mr. Darren L. Smith, M.Sc., P.Geo., who’s a Certified Individual as outlined by Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101”), and member in good standing with the Ordre des Géologues du Québec (Geologist Allow quantity 01968), and with the Affiliation of Skilled Engineers and Geoscientists of Alberta (member quantity 87868). Mr. Smith has reviewed and authorized the associated technical info on this information launch.

Mr. Smith is an Govt and Vice President of Exploration for PMET Sources Inc. and holds widespread shares, Restricted Share Models (RSUs), and Efficiency Share Models (PSUs) within the Firm.

The knowledge on this information launch that pertains to the Feasibility Examine relies on, and pretty represents, info compiled by Mr. Frédéric Mercier-Langevin, Ing. M.Sc., who’s a Certified Individual as outlined by NI 43-101, and member in good standing with the Ordre des Ingénieurs du Québec. Mr. Mercier-Langevin has reviewed and authorized the associated technical info on this information launch.

Mr. Mercier-Langevin is the Chief Working and Improvement Officer for PMET Sources Inc. and holds widespread shares, choices, Restricted Share Models (RSUs), and Efficiency Share Models (PSUs) within the Firm.

About PMET Sources Inc.

PMET Sources Inc. is a pegmatite important mineral exploration and growth firm targeted on advancing its district-scale 100%-owned Shaakichiuwaanaan Property positioned within the Eeyou Istchee James Bay area of Quebec, Canada, which is accessible year-round by all-season street and proximal to regional hydro-power infrastructure.

In late 2025, the Firm introduced a optimistic lithium-only Feasibility Examine on the CV5 Pegmatite for the Shaakichiuwaanaan Property (the “Feasibility Examine”) and declared a maiden Mineral Reserve of 84.3 Mt at 1.26% Li2O (Possible)3. The research outlines the potential for a aggressive and globally vital high-grade lithium challenge focusing on as much as ~800 ktpa spodumene focus utilizing a easy Dense Media Separation (“DMS”) solely course of flowsheet. Additional, the outcomes spotlight Shaakichiuwaanan as a possible North American important mineral powerhouse with vital alternative for tantalum and caesium along with lithium.

The Challenge hosts a Consolidated Mineral Useful resource4 totalling 108.0 Mt at 1.40% Li2O and 166 ppm Ta2O5 (Indicated), and 33.4 Mt at 1.33% Li2O and 155 ppm Ta2O5 (Inferred), and ranks as the most important5 lithium pegmatite useful resource within the Americas, and within the high ten globally. Moreover, the Challenge hosts the world’s largest pollucite-hosted caesium pegmatite Mineral Useful resource on the Rigel and Vega zones with 0.69 Mt at 4.40% Cs2O (Indicated), and 1.70 Mt at 2.40% Cs2O (Inferred).

For additional info, please contact us at information@pmet.ca or by calling +1 (604) 279-8709, or go to www.pmet.ca. Please additionally check with the Firm’s steady disclosure filings, accessible underneath its profile at www.sedarplus.ca and www.asx.com.au, for accessible exploration knowledge.

___________________________________

3 See Feasibility Examine information launch dated October 20, 2025. Possible Mineral Reserve cut-off grade is 0.40% Li2O (open-pit) and 0.70% Li2O (underground). Underground growth and open-pit marginal tonnage containing materials above 0.37% Li2O are additionally included within the assertion. Efficient Date of September 11, 2025.

4 The Consolidated MRE (CV5 + CV13 pegmatites), which incorporates the Rigel and Vega caesium zones, totals 108.0 Mt at 1.40% Li2O, 0.11% Cs2O, 166 ppm Ta2O5, and 66 ppm Ga, Indicated, and 33.4 Mt at 1.33% Li2O, 0.21% Cs2O, 155 ppm Ta2O5, and 65 ppm Ga, Inferred, and is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.70% Li2O (underground CV13). A grade constraint of 0.50% Cs2O was used to mannequin the Rigel and Vega caesium zones. The Efficient Date is June 20, 2025 (by drill gap CV24-787). Mineral Sources aren’t Mineral Reserves as they don’t have demonstrated financial viability. Mineral Sources are inclusive of Mineral Reserves.

5 Willpower based mostly on Mineral Useful resource knowledge, sourced by July 11, 2025, from company disclosure.

This information launch has been authorized by

“KEN BRINSDEN”                                                         

Kenneth Brinsden, President, CEO, & Managing Director

Olivier Caza-Lapointe
Head, Investor Relations
T: +1 (514) 913-5264
E: ocazalapointe@pmet.ca

Disclaimer for Ahead-Wanting Data

This information launch incorporates “forward-looking statements” and “forward-looking info” inside the that means of relevant securities legal guidelines.

All statements, apart from statements of current or historic information, are forward-looking statements. Ahead-looking statements contain identified and unknown dangers, uncertainties and assumptions and accordingly, precise outcomes may differ materially from these expressed or implied in such statements. You might be therefore cautioned to not place undue reliance on forward-looking statements. Ahead-looking statements are sometimes recognized by phrases equivalent to “plan”, “growth”, “development”, “continued”, “intentions”, “expectations”, “rising”, “evolving”, “technique”, “alternatives”, “anticipated”, “tendencies”, “potential”, “outlook”, “capability”, “further”, “on observe”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “goal”, “believes”, “subsequent steps” or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “might”, “may”, “would”, “would possibly” or “will” be taken, happen or be achieved. 

Ahead-looking statements embody, however aren’t restricted to, statements regarding the interpretation of the outcomes from exploration, the exploration and growth potential of varied zones, together with CV4, CV5, CV12, and CV13, the remaining outcomes from the 2025 drill marketing campaign, future exploration work, together with the anticipated outcomes therefrom, and the up to date financial research on the Challenge.

Ahead-looking statements are based mostly upon sure assumptions and different necessary elements that, if unfaithful, may trigger precise outcomes to be materially completely different from future outcomes expressed or implied by such statements. There may be no assurance that forward-looking statements will show to be correct. Key assumptions upon which the Firm’s forward-looking info relies embody, with out limitation, the marketplace for caesium, that proposed exploration work on the Property will proceed as anticipated, the accuracy of reserve and useful resource estimates, the classification of sources between inferred and the assumptions on which the reserve and useful resource estimates are based mostly, long-term demand for lithium (spodumene), tantalum (tantalite), and caesium (pollucite)  provide, and that exploration and growth outcomes proceed to help administration’s present plans for Property growth.

Ahead-looking statements are additionally topic to dangers and uncertainties dealing with the Firm’s enterprise, any of which may have a cloth opposed impact on the Firm’s enterprise, monetary situation, outcomes of operations and development prospects. Readers ought to assessment the detailed threat dialogue within the Firm’s most up-to-date Annual Data Kind filed on SEDAR+, for a fuller understanding of the dangers and uncertainties that have an effect on the Firm’s enterprise and operations.

Though the Firm believes its expectations are based mostly upon affordable assumptions and has tried to determine necessary elements that might trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different elements that trigger actions, occasions or outcomes to not be as anticipated, estimated or meant. There may be no assurance that forward-looking info will show to be correct. If any of the dangers or uncertainties talked about above, which aren’t exhaustive, materialize, precise outcomes might range materially from these anticipated within the forward-looking statements.

The forward-looking statements contained herein are made solely as of the date hereof. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides to the extent required by relevant legislation. The Firm qualifies all of its forward-looking statements by these cautionary statements.

Competent Individual Assertion (ASX Itemizing Guidelines)

The knowledge on this information launch that pertains to the Feasibility Examine (“FS”) for the Shaakichiuwaanaan Challenge, which was first reported by the Firm in a market announcement titled “PMET Sources Delivers Optimistic CV5 Lithium-Solely Feasibility Examine for its Giant-Scale Shaakichiuwaanaan Challenge” dated October 20, 2025 (Montreal time) is out there on the Firm’s web site at www.pmet.ca, on SEDAR+ at www.sedarplus.ca and on the ASX web site at www.asx.com.au. The manufacturing goal from the Feasibility Examine referred to on this information launch was reported by the Firm in accordance with ASX Itemizing Rule 5.16 on the date of the unique announcement. The Firm confirms that, as of the date of this information launch, all materials assumptions and technical parameters underpinning the manufacturing goal within the unique announcement proceed to use and haven’t materially modified.

The Mineral Useful resource and Mineral Reserve Estimates on this launch have been first reported by the Firm in accordance with ASX Itemizing Rule 5.8 in market bulletins titled “World’s Largest Pollucite-Hosted Caesium Pegmatite Deposit” dated July 20, 2025 (Montreal time) and “PMET Sources Delivers Optimistic CV5 Lithium-Solely Feasibility Examine for its Giant-Scale Shaakichiuwaanaan Challenge” dated October 20, 2025 (Montreal time) and can be found on the Firm’s web site at www.pmet.ca, on SEDAR+ at www.sedarplus.ca and on the ASX web site at www.asx.com.au. The Firm confirms that, as of the date of this information launch, it’s not conscious of any new info or knowledge verified by the competent individual that materially impacts the data included within the related announcement and that each one materials assumptions and technical parameters underpinning the estimates within the related announcement proceed to use and haven’t materially modified. The Firm confirms that, as on the date of this announcement, the shape and context during which the competent individual’s findings are offered haven’t been materially modified from the unique market announcement.

Appendix 1 – JORC Code 2012 Desk 1 (ASX Itemizing Rule 5.8.2)

Part 1 – Sampling Strategies and Knowledge

Standards

JORC Code rationalization

Commentary

Sampling methods

•  Nature and high quality of sampling (eg lower channels, random chips, or particular specialised business commonplace measurement instruments acceptable to the minerals underneath investigation, equivalent to down gap gamma sondes, or handheld XRF devices, and many others). These examples shouldn’t be taken as limiting the broad that means of sampling.

•  Embody reference to measures taken to make sure pattern representivity and the suitable calibration of any measurement instruments or techniques used.

•  Facets of the willpower of mineralization which are Materials to the Public Report.

•  In circumstances the place ‘business commonplace’ work has been carried out this is able to be comparatively easy (eg ‘reverse circulation drilling was used to acquire 1 m samples from which 3 kg was pulverized to supply a 30 g cost for hearth assay’). In different circumstances extra rationalization could also be required, equivalent to the place there’s coarse gold that has inherent sampling issues. Uncommon commodities or mineralization varieties (eg submarine nodules) might warrant disclosure of detailed info.

•  Core sampling protocols meet business commonplace practices.

•  Core sampling is guided by lithology as decided throughout geological logging (i.e., by a geologist). All pegmatite intervals are sampled of their entirety (half-core), regardless if spodumene mineralization is famous or not (with a view to guarantee an unbiased sampling strategy) along with ~1 to three m of sampling into the adjoining host rock (depending on pegmatite interval size) to “bookend” the sampled pegmatite.

•  The minimal particular person pattern size is usually 0.5 m and the utmost pattern size is usually 2.0 m. Focused particular person pegmatite pattern lengths are 1.0 to 1.5 m.

•  All drill core is oriented to most foliation previous to logging and sampling and is lower with a core noticed into half-core items, with one half-core collected for assay, and the opposite half-core remaining within the field for reference.

•  Core samples collected from drill holes have been shipped to SGS Canada’s laboratory in Val-d’Or, QC, for pattern preparation (code PRP90 particular) which included drying at 105°C, crush to 90% passing 2 mm, riffle break up 250 g, and pulverize 85% passing 75 microns.

•  All drill core pattern pulps have been shipped by air to SGS Canada’s laboratory in Burnaby, BC, the place the samples have been homogenized and subsequently analysed for multi-element (together with Li, Ta, and Cs) utilizing sodium peroxide fusion with ICP-AES/MS end (codes GE_ICP91A50 and GE_IMS91A50). Overlimits for Cs have been accomplished at SGS Canada’s laboratory in Lakefield, ON, by borate-fusion XRF (code GC_XRF76V).

Drilling methods

•  Drill kind (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, and many others) and particulars (eg core diameter, triple or commonplace tube, depth of diamond tails, face-sampling bit or different kind, whether or not core is oriented and if that’s the case, by what methodology, and many others).

•  NQ dimension core diamond drilling was accomplished for all holes. Core was not oriented.

Drill pattern
restoration

•  Methodology of recording and assessing core and chip pattern recoveries and outcomes assessed.

•  Measures taken to maximise pattern restoration and guarantee consultant nature of the samples.

•  Whether or not a relationship exists between pattern restoration and grade and whether or not pattern bias might have occurred on account of preferential loss/achieve of fantastic/coarse materials.

•  All drill core was geotechnically logged following business commonplace practices, and embody TCR, RQD, ISRM, and Q-Methodology (since mid-winter 2023). Core restoration sometimes exceeds 90%.

Logging

•  Whether or not core and chip samples have been geologically and geotechnically logged to a stage of element to help acceptable Mineral Useful resource estimation, mining research and metallurgical research.

•  Whether or not logging is qualitative or quantitative in nature. Core (or costean, channel, and many others) images.

•  The overall size and share of the related intersections logged.

•  Upon receipt on the core shack, all drill core is pieced collectively, oriented to most foliation, metre marked, geotechnically logged (together with construction), alteration logged, geologically logged, and pattern logged on a person pattern foundation. Core field images are additionally collected of all core drilled, no matter perceived mineralization. Particular gravity measurements of pegmatite are additionally collected at systematic intervals for all pegmatite drill core utilizing the water immersion methodology, in addition to choose host rock drill core.

•  The logging is qualitative by nature, and consists of estimates of spodumene grain dimension, inclusions, and mannequin mineral estimates.

•  These logging practices meet or exceed present business commonplace practices.

Sub-sampling
methods and
pattern preparation

•  If core, whether or not lower or sawn and whether or not quarter, half or all core taken.

•  If non-core, whether or not riffled, tube sampled, rotary break up, and many others and whether or not sampled moist or dry.

•  For all pattern varieties, the character, high quality and appropriateness of the pattern preparation method.

•  High quality management procedures adopted for all sub-sampling levels to maximise representivity of samples.

•  Measures taken to make sure that the sampling is consultant of the in situ materials collected, together with for example outcomes for area duplicate/second-half sampling.

•  Whether or not pattern sizes are acceptable to the grain dimension of the fabric being sampled.

•  Drill core sampling adopted business finest practices. Drill core was saw-cut with half-core despatched for geochemical evaluation and half-core remaining within the field for reference. The identical facet of the core was sampled to keep up representativeness.

•  The minimal particular person pattern size is usually 0.5 m and the utmost pattern size is usually 2.0 m. Focused particular person pegmatite pattern lengths are 1.0 to 1.5 m.

•  Pattern sizes are thought of acceptable for the fabric being assayed.

•  A High quality Assurance / High quality Management protocol following business finest practices was integrated into this system and included systematic insertion of quartz blanks and authorized reference supplies into pattern batches at a price of roughly 5% every. Moreover, evaluation of pulp-split pattern duplicates was accomplished to evaluate analytical precision, and exterior (secondary) laboratory pulp-split duplicates have been ready on the main lab for subsequent examine evaluation and validation.

•  All protocols employed are thought of acceptable for the pattern kind and nature of mineralization and are thought of the optimum strategy for sustaining representativeness in sampling.

High quality of assay
knowledge and laboratory
checks

•  The character, high quality and appropriateness of the assaying and laboratory procedures used and whether or not the method is taken into account partial or whole.

•  For geophysical instruments, spectrometers, handheld XRF devices, and many others, the parameters utilized in figuring out the evaluation together with instrument make and mannequin, studying occasions, calibrations elements utilized and their derivation, and many others.

•  Nature of high quality management procedures adopted (eg requirements, blanks, duplicates, exterior laboratory checks) and whether or not acceptable ranges of accuracy (ie lack of bias) and precision have been established.

•  Core samples collected from drill holes have been shipped to SGS Canada’s laboratory in Val-d’Or, QC, for pattern preparation (code PRP90 particular) which included drying at 105°C, crush to 90% passing 2 mm, riffle break up 250 g, and pulverize 85% passing 75 microns.

•  All drill core pattern pulps have been shipped by air to SGS Canada’s laboratory in Burnaby, BC, the place the samples have been homogenized and subsequently analysed for multi-element (together with Li, Ta, and Cs) utilizing sodium peroxide fusion with ICP-AES/MS end (codes GE_ICP91A50 and GE_IMS91A50). Overlimits for Cs have been accomplished at SGS Canada’s laboratory in Lakefield, ON, by borate-fusion XRF (code GC_XRF76V).

•  The Firm depends on each its inside QAQC protocols (systematic use of blanks, licensed reference supplies, and exterior checks), in addition to the laboratory’s inside QAQC.

•  All protocols employed are thought of acceptable for the pattern kind and nature of mineralization and are thought of the optimum strategy for sustaining representativeness in sampling.

Verification of
sampling and
assaying

•  The verification of serious intersections by both impartial or various firm personnel.

•  The usage of twinned holes.

•  Documentation of main knowledge, knowledge entry procedures, knowledge verification, knowledge storage (bodily and digital) protocols.

•  Focus on any adjustment to assay knowledge.

•  Intervals are reviewed and compiled by the EVP Exploration and Challenge Managers previous to disclosure, together with a assessment of the Firm’s inside QAQC pattern analytical knowledge.

•  No twinned holes have been accomplished.

•  Knowledge seize makes use of MX Deposit software program whereby core logging knowledge is entered instantly into the software program for storage, together with direct import of laboratory analytical certificates as they’re obtained. The Firm employs varied on-site and publish QAQC protocols to make sure knowledge integrity and accuracy.

•  Changes to knowledge embody reporting lithium and tantalum of their oxide kinds, as it’s reported in elemental type within the assay certificates. Formulation used are Li2O = Li x 2.153, Ta2O5 = Ta x 1.221, and Cs2O = Cs x 1.0602

Location of knowledge
factors

•  Accuracy and high quality of surveys used to find drill holes (collar and down-hole surveys), trenches, mine workings and different areas utilized in Mineral Useful resource estimation.

•  Specification of the grid system used.

•  High quality and adequacy of topographic management.

•  Every drill gap collar has been surveyed with a RTK Trimble Zephyr 3, aside from a minor variety of holes (e.g., holes misplaced which have been re-collard). 

•  The coordinate system used is UTM NAD83 Zone 18.

•  The Firm accomplished a property-wide LiDAR and orthophoto survey in August 2022, which gives high-quality topographic management.

•  The standard and accuracy of the topographic controls are thought of ample for superior stage exploration and growth, together with Mineral Useful resource estimation.

Knowledge spacing and
distribution

•  Knowledge spacing for reporting of Exploration Outcomes.

•  Whether or not the info spacing and distribution is ample to determine the diploma of geological and grade continuity acceptable for the Mineral Useful resource and Ore Reserve estimation process(s) and classifications utilized.

•  Whether or not pattern compositing has been utilized.

•  At CV5, drill gap collar spacing is dominantly grid based mostly. A number of collars are sometimes accomplished from the identical pad at various orientations focusing on pegmatite pierce factors of ~50 (Indicated) to 100 m (Inferred) spacing.

•  At CV13, drill gap spacing is a mix of grid based mostly (at ~100 m spacing) and fan based mostly with a number of holes collared from the identical pad. Due to this fact, collar areas and gap orientations might range extensively, which replicate the numerous orientation of the pegmatite physique alongside strike. Pegmatite pierce factors of ~50 (Indicated) to 100 m (Inferred) spacing are focused.

•  At CV12 and CV8, drill gap collar spacing is dominantly grid based mostly. A number of collars are sometimes accomplished from the identical pad at various orientations focusing on pegmatite pierce factors of ~50 m to 100 m spacing.

•  At CV4, drill gap spacing is fan based mostly with a number of holes collared from the identical pad.

•  Primarily based on the character of the mineralization and continuity in geological modelling, the drill gap spacing is anticipated to be ample to help a MRE.

•  Core pattern lengths sometimes vary from 0.5 to 2.0 m and common ~1.0 to 1.5 m. Sampling is steady inside all pegmatite encountered within the drill gap.

•  Core samples aren’t composited upon assortment or for evaluation.

Orientation of knowledge
in relation to
geological construction

•  Whether or not the orientation of sampling achieves unbiased sampling of doable buildings and the extent to which that is identified, contemplating the deposit kind.

•  If the connection between the drilling orientation and the orientation of key mineralized buildings is taken into account to have launched a sampling bias, this needs to be assessed and reported if materials.

•  No sampling bias is anticipated based mostly on construction inside the mineralized physique.

•  The principal mineralized our bodies are comparatively undeformed and really competent, though have significant structural management.

•  At CV5, the principal mineralized physique and adjoining lenses are steeply dipping leading to indirect angles of intersection with true widths various based mostly on drill gap angle and orientation of pegmatite at that individual intersection level. i.e., the dip of the mineralized pegmatite physique has variations in a vertical sense and alongside strike, so the true widths aren’t at all times obvious till a number of holes have been drilled (on the acceptable spacing) in any explicit drill-fence.

•  At CV13, the principal pegmatite physique has a various strike and shallow northerly dip. The Rigel and Vega zones are hosted solely inside the CV13 Pegmatite as lenses concordant to the native pegmatite orientation.

•  At CV12 and CV8, present interpretation helps a sequence of shallow, northerly dipping sheets.

•  At CV4, present interpretation helps a sequence of steeply, northerly dipping sheets.

Pattern safety

•  The measures taken to make sure pattern safety.

•  Samples have been collected by Firm workers or its consultants following particular protocols governing pattern assortment and dealing with. Core samples have been bagged, positioned in massive supersacs for added safety, palleted, and shipped on to Val-d’Or, QC, being tracked throughout cargo together with Chain of Custody. Upon arrival on the laboratory, the samples have been cross-referenced with the transport manifest to verify all samples have been accounted for. On the laboratory, pattern baggage are evaluated for tampering.

Audits or critiques

•  The outcomes of any audits or critiques of sampling methods and knowledge.

•  A assessment of the pattern procedures for the Firm’s drill applications has been reviewed by a number of Certified/Competent Individuals by a number of NI 43-101 technical studies accomplished for the Firm and deemed ample and acceptable to business finest practices. The newest Technical Report features a assessment of sampling methods and knowledge by 2024 (drill gap CV24-787) in a technical report titled “CV5 Pegmatite Lithium-Solely Feasibility Examine NI 43-101 Technical Report, Shaakichiuwaanaan Challenge” with an Efficient Date of October 20, 2025, and Concern Date of November 14, 2025.

•  Moreover, the Firm frequently critiques and evaluates its procedures with a view to optimize and guarantee compliance in any respect ranges of pattern knowledge assortment and dealing with.

Part 2 – Reporting of Exploration Outcomes

Standards

JORC Code rationalization

Commentary

Mineral tenement
and land tenure
standing

•  Sort, reference title/quantity, location and possession together with agreements or materials points with third events equivalent to joint ventures, partnerships, overriding royalties, native title pursuits, historic websites, wilderness or nationwide park and environmental settings.

•  The safety of the tenure held on the time of reporting together with any identified impediments to acquiring a licence to function within the space.

•  The Shaakichiuwaanaan Property (previously referred to as “Corvette”) is comprised of 463 CDC claims positioned within the James Bay Area of Quebec, with Lithium Innova Inc. (wholly owned subsidiary of PMET Sources Inc.) being the registered title holder for the entire claims. The northern border of the Property’s main declare block is positioned inside roughly 6 km to the south of the Trans-Taiga Highway and powerline infrastructure hall. The CV5 Spodumene Pegmatite is accessible year-round by all-season street is located roughly 13.5 km south of the regional and all–climate Trans-Taiga Highway and powerline infrastructure. The CV13 and CV9 spodumene pegmatites are positioned roughly 3 km west-southwest and 14 km west of CV5, respectively.

•  The Firm holds 100% curiosity within the Property topic to numerous royalty obligations relying on unique acquisition agreements. DG Sources Administration holds a 2% NSR (no buyback) on 76 claims, D.B.A. Canadian Mining Home holds a 2% NSR on 50 claims (half buyback for $2M), OR Royalties holds a sliding scale NSR of 1.5-3.5% on treasured metals, and a couple of% on all different merchandise, over 111 claims, and Azimut Exploration holds 2% NSR on 39 claims.

•  The Property doesn’t overlap any atypically delicate environmental areas or parks, or historic websites to the information of the Firm. There aren’t any identified hinderances to working on the Property, aside from the goose harvesting season (sometimes mid-April to mid-Might) the place the communities request helicopter flying not be accomplished, and probably wildfires relying on the season, scale, and site.

•  Declare expiry dates vary from July 2026 to July 2028. 

Exploration carried out
by different events

•  Acknowledgment and appraisal of exploration by different events.

•  No earlier exploration focusing on LCT pegmatites has been carried out by different events on the Challenge.

•  For a abstract of earlier exploration undertaken by different events on the Challenge, please check with the latest NI 43-101 Technical Report.

Geology

•  Deposit kind, geological setting and elegance of mineralization.

•  The Property overlies a big portion of the Lac Guyer Greenstone Belt, thought of a part of the bigger La Grande River Greenstone Belt and is dominated by volcanic rocks metamorphosed to amphibolite facies. The declare block is dominantly host to rocks of the Guyer Group (amphibolite, iron formation, intermediate to mafic volcanics, peridotite, pyroxenite, komatiite, in addition to felsic volcanics). The amphibolite rocks that development east-west (usually steeply south dipping) by this area are bordered to the north by the Magin Formation (conglomerate and wacke) and to the south by an assemblage of tonalite, granodiorite, and diorite, along with metasediments of the Marbot Group (conglomerate, wacke). A number of regional-scale Proterozoic gabbroic dykes additionally lower by parts of the Property (Lac Spirt Dykes, Senneterre Dykes).

•  The geological setting is potential for a number of commodities over a number of completely different deposit types together with orogenic gold (Au), volcanogenic huge sulphide (Cu, Au, Ag), komatiite-ultramafic (Au, Ag, PGE, Ni, Cu, Co), and LCT pegmatite (Li, Cs, Ta, Ga, Rb).

•  Exploration of the Property has outlined three main mineral exploration tendencies crossing dominantly east-west over massive parts of the Property – Golden Development (gold), Maven Development (copper, gold, silver), and CV Development (lithium, caesium, tantalum). The CV4, CV5, CV8, CV12, and CV13 pegmatites are located inside the CV Development.

•  The pegmatites at Shaakichiuwaanaan are categorized as Li-Cs-Ta (“LCT”) pegmatites. LCT mineralization on the Property is noticed to happen inside quartz-feldspar pegmatite. The pegmatite is usually very coarse-grained and off-white in look, with darker sections generally composed of mica and smoky quartz, and occasional tourmaline.

•  Core assays and ongoing mineralogical research, coupled with area mineral identification and assays verify spodumene because the dominant lithium-bearing mineral on the Property, with no vital petalite, lepidolite, lithium-phosphate minerals, or apatite current. The spodumene crystal dimension of the pegmatites is usually decimeter scale, and subsequently, very massive. The pegmatites additionally carry vital tantalum (tantalite) and caesium (pollucite). Gallium is current in spodumene and feldspar by way of substitution with Al.

Drill gap
Data

•  A abstract of all info materials to the understanding of the exploration outcomes together with a tabulation of the next info for all Materials drill holes:

o  easting and northing of the drill gap collar

o  elevation or RL (Diminished Stage – elevation above sea stage in metres) of the drill gap collar

o  dip and azimuth of the opening

o  down gap size and interception depth

o  gap size.

•  If the exclusion of this info is justified on the idea that the data shouldn’t be Materials and this exclusion doesn’t detract from the understanding of the report, the Competent Individual ought to clearly clarify why that is the case.

•  Drill gap attribute info is included in a desk herein.

•  Pegmatite intersections of <2 m aren’t sometimes offered as they’re thought of insignificant. 

Knowledge aggregation
strategies

•  In reporting Exploration Outcomes, weighting averaging methods, most and/or minimal grade truncations (eg chopping of excessive grades) and cut-off grades are often Materials and needs to be acknowledged.

•  The place mixture intercepts incorporate brief lengths of excessive grade outcomes and longer lengths of low grade outcomes, the process used for such aggregation needs to be acknowledged and a few typical examples of such aggregations needs to be proven intimately.

•  The assumptions used for any reporting of steel equal values needs to be clearly acknowledged.

•  Size weighted averages have been used to calculate grade over width.

•  No particular grade cap or cut-off was used throughout grade width calculations. The lithium, tantalum, and caesium size weighted common grade of all the pegmatite interval is calculated for all pegmatite intervals over 2 m core size, in addition to greater grade zones on the discretion of the geologist. As samples >1% Cs2O are additionally reported.

•  Pegmatites have inconsistent mineralization by nature, leading to some intervals having a small variety of poorly mineralized samples included within the calculation. Non-pegmatite inside dilution is proscribed to sometimes <3 m the place related and intervals indicated when assays are reported.

•  No steel equivalents have been reported.

Relationship
between
mineralization
widths and
intercept lengths

•  These relationships are notably necessary within the reporting of Exploration Outcomes.

•  If the geometry of the mineralization with respect to the drill gap angle is understood, its nature needs to be reported.

•  If it’s not identified and solely the down gap lengths are reported, there needs to be a transparent assertion to this impact (eg ‘down gap size, true width not identified’).

•  At CV5, present interpretation helps a principal, massive pegmatite physique of close to vertical to steeply dipping orientation, flanked by a number of subordinate pegmatite lenses.

•  At CV13, present interpretation helps a sequence of sub-parallel trending sills with a flat-lying to shallow northerly dip. Inside the CV13 Pegmatite physique are the Rigel and Vega zones, which comply with the native development of the broader pegmatite physique.

•  At CV12 and CV8, present interpretation helps a sequence of shallow, northerly dipping sheets.

•  At CV4, present interpretation helps a sequence of steeply, northerly dipping sheets.

•  All reported widths are core size.

Diagrams

•  Applicable maps and sections (with scales) and tabulations of intercepts needs to be included for any vital discovery being reported. These ought to embody, however not be restricted to a plan view of drill gap collar areas and acceptable sectional views.

•  Please check with the figures included herein in addition to these posted on the Firm’s web site.

Balanced reporting

•  The place complete reporting of all Exploration Outcomes shouldn’t be practicable, consultant reporting of each high and low grades and/or widths needs to be practiced to keep away from deceptive reporting of Exploration Outcomes.

•  Reporting is balanced. 

•  Please check with the desk(s) included herein.

•  Outcomes for pegmatite intervals <2 m aren’t reported.

Different substantive
exploration knowledge

•  Different exploration knowledge, if significant and materials, needs to be reported together with (however not restricted to): geological observations; geophysical survey outcomes; geochemical survey outcomes; bulk samples – dimension and methodology of therapy; metallurgical check outcomes; bulk density, groundwater, geotechnical and rock traits; potential deleterious or contaminating substances.

•  The Firm is at present finishing website environmental work over the CV5 and CV13 pegmatite space. No endangered flora or fauna have been documented over the Property up to now, and several other websites have been recognized as probably appropriate for mine infrastructure.

•  The Firm has accomplished a bathymetric survey over the shallow glacial lake which overlies a portion of the CV5 Spodumene Pegmatite. The lake depth ranges from <2 m to roughly 18 m, though nearly all of the CV5 Spodumene Pegmatite, as delineated up to now, is overlain by sometimes <2 to 10 m of water.

•  The Firm has accomplished vital metallurgical testing comprised of HLS and magnetic testing, which has produced 6+% Li2O spodumene concentrates at >70% restoration on each CV5 and CV13 pegmatite materials. A DMS check on CV5 Pegmatite materials returned a Subsequent and extra expansive DMS pilot applications accomplished, together with with non-pegmatite dilution, produced outcomes in keeping with prior testwork, confirming a DMS-only flowsheet is relevant. The Firm has additionally produced a marketable lithium hydroxide focus from CV5’s spodumene focus.

•  The Firm has produced marketable tantalite concentrates at bench-scale from the CV5 Pegmatite’s DMS (spodumene) tailings fractions. The testwork used gravity or gravity + flotation strategies to supply tantalite concentrates grading 8.7% Ta2O5 at 45% world restoration (MC001) and 6.6% Ta2O5 at 49% world restoration (MC002).

•  The Firm has produced marketable pollucite concentrates at bench-scale from the CV13 Pegmatite’s Vega Caesium Zone. The testwork used XRT ore sorting to supply concentrates of 11.5% Cs2O and 20.0% Cs2O at an general 88% restoration.

•  Varied mandates required for advancing the Challenge have been accomplished or are ongoing, together with however not restricted to, environmental baseline, metallurgy, geomechanics, hydrogeology, hydrology, stakeholder engagement, geochemical characterization, in addition to transportation and logistical research. A Feasibility Examine for lithium-only on the CV5 Pegmatite was introduced October 20, 2025.

Additional work

•  The character and scale of deliberate additional work (eg checks for lateral extensions or depth extensions or large-scale step-out drilling).

•  Diagrams clearly highlighting the areas of doable extensions, together with the primary geological interpretations and future drilling areas, supplied this info shouldn’t be commercially delicate.

•  The Firm intends to proceed drilling the pegmatites of the Shaakichiuwaanaan Property, primarily targetting lithium, caesium, and tantalum as the first commodities of curiosity.

•  Metallurgical check applications evaluating the restoration of lithium, caesium, and tantalum are ongoing.

PMET Announces Multiple New Lithium/Caesium Discoveries in 2025 Drilling at the Shaakichiuwaanaan Property (CNW Group/PMET Resources Inc.)

PMET Resources logo (CNW Group/PMET Resources Inc.)

Cision View unique content material to obtain multimedia:https://www.prnewswire.com/news-releases/pmet-announces-multiple-new-lithiumcaesium-discoveries-in-2025-drilling-at-the-shaakichiuwaanaan-property-302640584.html

SOURCE PMET Sources Inc.



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